Kestra’s Bluespring Acquires $1.1B RIA Synthesis Wealth Planning in Fifth Deal of 2026

Bluespring Wealth has acquired Synthesis Wealth Planning, a Kestra Financial-affiliated registered investment adviser based in Morristown, New Jersey, with approximately $1.1 billion in client assets. The deal is Bluespring’s fifth acquisition of 2026.

The Austin, Texas-based acquirer completed nine transactions in 2025 representing more than $6 billion in client assets. Earlier this year, Bluespring acquired SHP Financial, a Massachusetts-based planning firm overseeing approximately $2.3 billion in assets, and added approximately $600 million in assets through its acquisition of Pittsburgh-based Coghill Investment Strategies.

Synthesis was founded in 2018 by managing partners Alex Panas, Daniel C. Singer, and Eric K. Rosenberger, who left a prior planning firm to build an integrated practice spanning financial planning, portfolio management, and insurance. The firm said it has grown from roughly $200 million at founding through organic growth, adviser additions, and a 2024 practice acquisition — a more than fivefold increase over eight years. A fourth partner, Kim Luthy, director of wealth planning, was recently elevated to partner.

The $1.1 billion figure incorporates IFG Wealth Strategies, a Kestra-affiliated firm based in Raritan, N.J., that Synthesis previously acquired. Robert Iola, who founded IFG, joins the combined practice through the merger.

Through the Bluespring partnership, Synthesis will gain access to operational and back-office support, shared best practices, and Bluespring’s network of partner firms. Synthesis will retain its local leadership and service model. Both Synthesis and IFG operate on the Kestra platform; Bluespring is affiliated with Kestra Holdings.

“When we set our long-term goal of serving 1,000 ideal client relationships, it became clear that reaching it while maintaining the level of service our clients expect would require additional infrastructure and a partner that could help us scale through both organic and inorganic growth,” Panas said. “Bluespring gives us the scale, expertise, and national network to do that with confidence.”

Pradeep Jayaraman, president of Bluespring Wealth, said Synthesis’s growth trajectory over eight years reflected the firm’s disciplined execution. “We’re energized to help Synthesis continue to grow what they’ve built so effectively,” Jayaraman said.

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